Insights
Webinar Replay: Executive Forum on Year-End Tax Planning
Our tax specialists explore strategies for addressing year-end income, gift and estate tax planning as well as CARES Act-related tax […]
IRS Marijuana Industry Webpage – A Summary of the Tax Rules
When the first medical cannabis dispensaries began to proliferate in California in the mid-1990s, legalization proponents were excited by the prospect for further developments in this young promising industry.
Strategic Growth Amid Increasing Complexity – The New CFO Playbook
The role of the Chief Financial Officer (CFO) is changing. CFOs face a new mandate to drive strategic growth across increasingly complex organizations.
Video Replay: Why Joe Ali Wears the Volunteer NY! Hat
Joseph L. Ali, partner with PKF O’Connor Davies and Board Vice Chair for Volunteer NY! speaks on why he wears […]
Data in Hospitality: Are You Keeping Up?
In today’s fast paced world, organizations in the hospitality industry face an ever-growing need to adapt quickly to technology.
Rhode Island is on Pause – New Grant Program to Help Sustain Businesses
By Jean Saylor, CPA, Partner last week, Governor Raimondo announced a pause for certain businesses to take effect November 30, 2020. […]
What New Jersey School Districts Need to Know About GASB 84
The implementation of Governmental Accounting Standards Board Statement 84, Fiduciary Activities (GASB 84), which requires compliance by June 30, 2021, will create challenges and significantly impact the accounting and reporting requirements of New Jersey school districts.
Business Insurance: What Does Your Private Foundation Need?
We are often asked by both newly formed and well-established private foundations, “Why do we need Directors and Officers insurance as well as other types of insurance.”
Webinar Replay: Achieving Financial Security and Success in a Tumultuous Environment
We are pleased to announce our new series of live webinars exploring vital issues of Financial Intelligence through the lens of […]
IRS Signals Pass-Through Entity SALT Cap Workarounds Are Allowed
The pass-through entity tax workarounds, enacted in certain states to combat the federal income tax limitation on the state and local tax (SALT) deduction are allowed, as stated by the Internal Revenue Service.
IRS Updates Guidance on Tax Deductibility of PPP Expenses
The IRS issued new rulings on November 18, 2020 in the form of Revenue Ruling 2020-27 and Revenue Procedure 2020-51, announcing guidance on the tax deductibility of expenses related to Paycheck Protection Program (PPP) loans that have not yet been forgiven.
The PPP Business Activity Safe Harbor – Proceed with Caution
In our conversations with PPP borrowers, we discover that many are planning to rely on the business activity safe harbor provision when applying for loan forgiveness.